Cambodian entrepreneurs presented a selection of products from the food and agro-processing sector, for example, dried fruits, fruit juices, rice, and cashew nuts. Also, one company producing organic cosmetics participated in the excursion. All companies met with potential buyers and undertook extensive market research through visits to companies, wholesale hubs and retail outlets.

 

Several meetings and joint activities were organized together with Mongolian businesses to establish relations for future engagement. A B2B event was held with the National Chamber of Commerce and Industry. More than twenty Mongolian companies held talks with their Cambodian counterparts to explore possible partnerships. Ms. S. Bayasgalen, Vice-President of the Chamber of Commerce and Industry, noted that the pandemic instigated significant changes in traditional Mongolian trade practices and international business cooperation. It resulted in increased imports of goods from Southeast Asian countries, particularly fresh and processed fruits, rice, and other processed agricultural products. On the other hand, Mongolia has many interesting products to offer, such as meat, leather, wool, and cashmere, that are highly competitive in Southeast Asian markets.

 

S. Bayasgalen and Dr. Hanselmann, Director of the GIZ ICONE program, emphasized that Cambodian companies' B2B market exploration opened the door to extended cooperation to benefit entrepreneurs from both countries.